Credit union · NCUA insured
Jersey Central Federal Credit Union
A $24.2M credit union headquartered in Cranford, NJ, with 4,031 members and 1 branch in New Jersey. Best rates: CDs 3.20% and savings 0.40% APY.
Jersey Central Federal Credit Union Carrot Score
76
Carrot Score
Higher than 41% of U.S. banks and credit unions
#92 of 161 in New York, NY-NJ metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Jersey Central Federal Credit Union
Headquartered in Cranford, New Jersey, Jersey Central Federal Credit Union is a member-owned financial cooperative chartered in 1937.
It was originally established to serve employees in the engine repair and train services departments of the Central Railroad of New Jersey in Jersey City.
Following Conrail's acquisition of the railroad in 1976 and NJ Transit's assumption of commuter rail operations in 1983, the credit union retained members and expanded its field of membership.
- Headquarters
- 23 North Ave E, Cranford, NJ 07016-2196
- NCUA charter
- 2493
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of eligible partner companies and municipalities are eligible for membership.
- Retirees of eligible partner companies are eligible for membership.
Family and household
- Relatives of existing members are eligible for membership.
Cost to join
- Minimum opening deposit is $100 unless payroll deduction/direct deposit is elected.
- There is no fee to become a member.
Branches
1 branch in New Jersey
Loading map…
New Jersey
1 branch
- Main OfficeMain office23 North Ave E, Cranford, NJ 07016Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.77% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 3.30% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.31% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $66 | $59 | — |
- CapitalNet worth ratio16.77%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late3.30%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.31%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$66Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Jersey Central Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.